CBN Reports $6.3 Billion Surge in Nigeria's Foreign Investments

During the 38th seminar for Finance Correspondents and Business Editors in Abuja, CBN Deputy Governor Muhamad Sani Abdullahi announced that Nigeria's foreign portfolio investments have significantly increased, with net inflows rising to $6.3 billion between January and August 2026. This growth is attributed to enhanced private sector dollar inflows, foreign portfolio investments, and diaspora remittances, which have collectively boosted liquidity.

The Central Bank of Nigeria reported that the country's foreign exchange reserves have grown to $55.5 billion, contributing to the stabilization of the naira's exchange rate, which traded at N1,330 to the dollar. Abdullahi noted that autonomous sources accounted for most of the foreign exchange inflows, reducing the need for direct CBN interventions in the forex market.

The Nigerian Exchange Group has become attractive to foreign investors due to high returns on investments, which currently exceed 59 percent, and attractive dividends from companies like Dangote Cement and Guaranty Trust Bank.